YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Cotton price estimated to remain around Rs 4,800 per quintal at harvest

Related Keywords: Acharya NG Ranga Agricutural University, assuming normal area, Cotton Association of India, cotton mills and ginners, harvest time, higher estimates of consumption, Kapas prices, lower than expected arrivals of crop, purchasing cotton, remained firm, tight supply

Kapas prices have remained firm in the range of Rs.5, 900 -6000 per quintal, over the past few weeks due to lower than expected arrivals of crop and higher estimates of consumption. So far about 208-210 lakh bales or about 61 percent of the total crop has arrived, according to trade sources.

For the next few weeks cotton prices will continue to remain firm with higher estimates of consumption and tight supply at harvest time,

Indian cotton ginning units running below capacity due to less demand and low price

Related Keywords: AGCGA, cotton corporation of India, cotton minimum support price, cotton price, export incentive, Indian ginning industry, purchasing cotton, running below capacity, slowdown, subdued demand, substantial cotton production

The ginning industry of India is staring at slowdown, on account of subdued demand and disparity in price. According to industry sources, ginning units are running below 65-70 per cent capacity. India's substantial cotton production this year has not translated into good days for ginning sector.

Moreover, farmers are reluctant to sell kapas (raw cotton) at the current prices in expectation of higher price for their produce, bringing down the commodity's arrival by 50 percent from last year.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button